WELSH NATIONAL OPERA LIMITED

• ◆

  3 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

• ◆

  4 PSCs ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. WELSH NATIONAL OPERA LIMITED 1978-12-31 → present
2. WELSH NATIONAL OPERA COMPANY LIMITED (THE) 1948-05-19 → 1978-12-31
3. WELSH NATIONAL OPERA AND DRAMA COMPANY LIMITED (THE) 1948-05-19 → 1978-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Bevan Buckland LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors have assessed the Company's ability to continue as a going concern. The directors have considered several factors when forming their conclusions as to whether the use of the going concern basis is appropriate when preparing these financial statements including liquidity, cash resources, liabilities, and the support available from ACE and ACW Transform funding schemes. After assessing the impact of income and cost reduction scenarios, the directors have concluded that the charity has a reasonable expectation that there are adequate resources to continue to operate for at least 12 months from the date of signing of the financial statements and have continued to prepare the financial statements on a going concern basis.”

Group structure

1. WELSH NATIONAL OPERA LIMITED · parent
   1. Cardiff Theatrical Services Limited 1% · UK · trading arm of Welsh National Opera Limited, primarily undertaking sales of theatrical sets, costumes and properties and transportation for Welsh National Opera Limited and external parties.
   2. WNO Productions Limited 1% · UK · create and prepare theatrical productions for the Welsh National Opera Group of companies.

Significant events

• “It has been the year of awards. WNO has triumphed again and again. Death in Venice won the Sky Arts Award and the Critics' Circle Award, and Peter Grimes won the UK Theatre Award, while Death in Venice's lighting designer Robbie Butler won the Profile Award, our Three Letters project won the Iris LGBTQ+ Prize and our Head of Stage Dan Saddington won Technician of the Year at the Association of British Theatre Technicians' Awards.”
• “The Spring Season saw successes in major role debuts in a pair of operatic masterpieces. First, the return of our much-loved production of The Marriage of Figaro, including a role debut from Michael Mofidian as the eponymous trickster servant. Then Melly Still's new production of Peter Grimes, masterfully conducted, as always, by our Music Director Tomáš Hanus and featuring a monumental role debut by WNO favourite Nicky Spence in the role of the eponymous fisherman; a return to BBC Radio 3 with a broadcast of the production was also a highlight. The Season was rounded off in spectacular style with Panig! Attack!!, a new trilingual (Cymraeg, English and integrated BSL) opera to celebrate 20 years of our Youth Opera Company, with grateful thanks to the Seligman Youth Opera gift.”
• “The 2024/2025 programme featured four operatic titles. The Autumn Season consisted of Suor Angelica & Gianni Schicchi (Double Bill) and Rigoletto, as well as an Opera Favourites at the Movies concert. During Spring 2024, we toured The Marriage of Figaro, Peter Grimes and Play Opera LIVE!, as well as performing an anniversary production of WNO Youth Opera, Panig! Attack!!, in Cardiff.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

10

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

3

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -5.8%

  £19,120,000 → £18,008,000

• Cash

  +112.3%

  £1,879,000 → £3,990,000

• Net assets

  +12.1%

  £15,500,000 → £17,381,000

• Employees

  -11.5%

  262 → 232

• Profit before tax

  +104.6%

  -£1,361,000 → £63,000

• Wages

  -11.4%

  £8,269,000 → £7,323,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers